|Principles of Macroeconomics (Eco 200-800)||SUNY-Oswego|
|Solutions will be posted by Fri., May 5, 2000||Ranjit Dighe|
I. BY THE BOOK
A. Case & Fair (5th edition),
Chapter 20: #4
B. Case & Fair, Chapter 21: #1, 3, 4
II. GERMANY AND JAPAN, MADE ME FEEL
|Date and currency||Price (US $ per unit of foreign currency)||Price (foreign currency per US $)|
|..... Germany (marks)||$0.5948||______________|
|..... Japan (yen)||__________||135.25|
|..... Germany (marks)||__________||2.9886|
|..... Japan (yen)||$0.0041098||______________|
A. Fill in the four blank spaces above. (Hint: One word -- reciprocal.)
B. 1. A Mitsubishi VCR costs 20,000 yen
in Japan. How much would this TV cost in U.S. dollars in November 1997?
In November 1994?
B. 2. A Dell personal computer (American) costs $1500. How much would this computer cost in Japanese yen in November 1997? In November 1994?
B. 3. A bottle of Schneider Riesling white wine costs 30 marks in Germany. How much would it cost in U.S. dollars in November 1997? In November 1994?